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"We are creating the budget's Innovation Support Fund, which will amount to UAH 50 million, as we want to support all innovative solutions being generated by Ukrainians now," he said a Kyiv meeting with regional media on December 11.

As UNIAN reported earlier, Groysman advocates the creation of a major fund to support Ukrainian start-ups.

Read alsoAbout $3.5 bln to be invested in Ukraine IT industry – expertAccording to the Economic Development Ministry, there are about 2,000 high-tech start-ups operating in Ukraine today, with their number growing.

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Ukraine concluded about 80 investment agreements worth UAH 88 million ($3.2 million) with innovative companies in 2016. The contracts signed over the past five years are estimated at more than $400 million.